- UK consumer price inflation weaker than expected in July
Market news
19 August 2014
UK consumer price inflation weaker than expected in July
The Office for National Statistics (ONS) released consumer price inflation today. Consumer price index in the UK decreased 0.3% in July, a 0.2% rise in June.
On a yearly basis, consumer price inflation the UK rose 1.6% in July, missing expectations for a 1.8% gain, after a 1.9% increase in June.
Food prices declined by 0.6% in July, while clothing prices fell 0.2% in July.
CPI, excluding food, energy, alcohol, and tobacco costs, jumped 1.8% in July, missing expectations for a 1.9% rise, after a 2.0% gain in June.
Retail price index increased at an annual rate of 2.5% in July, missing expectations for a 2.6% gain, after a 2.6% rise in June.
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